DAA Strategy Insights: MoonShot by ArabFolio.Capital
MOON was the best performing DAA of last week. In this interview, Head of Investment at ArabFolio.Capital Ahmad Shadid discusses their recent shift from the “hodl” mentality to active trading.
Your DAA was last week’s best performer (+15%, 12% of which was in one day). What were the key decisions that made this happen?
With the well-deserved death of “buy and hold” and the ever-increasing rise of systematic risk, MoonShot DAA decided to go into the systematic risk side. We move with the market, and we won’t let the market take us down with it anymore.
After spending almost half a year following the old-school way of hodling, believing in the project, and praying for the bull rally to start, we have now switched to being active investors in the market.
As situational investors, we look at the market week by week; we don’t care about last week or next week. Since we are already in the Middle East, we actually bought XRP a week or a week and a half before the rally started because we know how strong the partnership between Ripple and NCB (a Saudi Arabian bank) is. Later, Ripple announced the launch of the xRapid infrastructure, and that is where the rally started. Once we reached the top, we exited our positions and bought TUSD.
You recently exited the market and sold most of the underlying assets (84%) for TUSD, but as we saw, this was temporary. Do you think the up-trend will continue?
We don’t care about uptrends. I can actually still see BTC visiting $5,800 sooner or later.
You recently allocated a large portion of your DAA to NEO, which is now the biggest position in MOON. What was your reasoning behind this decision?
Take a look at this chart of NEO/BTC daily candles. You tell me how the price action was when we came to the area we are in right now.
